Monday, November 21, 2011

JP Morgan Breaks $30, Appears Headed to $25

JPMorgan Chase & Co. (JPM)Here's something for SD readers to smile about while The Morgue smacks silver during this options expiry take-down.

The Morgue itself has just crashed through $30, and appears to want to test $25, which would be critical support at the bottom of the 12 month downtrend channel.  $25 fails...and we might have another $5 "footlong" stock on our hands, BOA style...